A.B.I.: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
A.B.I.
Largest movements
- Receivables within one year +€271,089
up €271,089 (+134.8%), from €201,053 to €472,143
of which Other amounts receivable: +€296,349
- Stocks and contracts -€190,500
down €190,500 (-23.5%), from €811,551 to €621,051
- Cash -€101,254
down €101,254 (-11.2%), from €907,539 to €806,285
mainly Receivables within one year (-€271,089) and Other debts (-€68,698)
- Tangible fixed assets -€36,558
down €36,558 (-8.2%), from €444,279 to €407,721
of which Land and buildings: -€37,778
- Current investments +€30,062
up €30,062 (+6.4%), from €472,461 to €502,524
- Other debts -€68,698
down €68,698 (-44.8%), from €153,391 to €84,694
- Profit (loss) carried forward +€38,503
up €38,503 (+12.3%), from €312,287 to €350,790
- Gross operating margin -€57,685
down €57,685 (-48.7%), from €118,376 to €60,691
- Financial income +€18,656
up €18,656 (+74.3%), from €25,095 to €43,752
- Taxes -€12,886
down €12,886 (-82.5%), from €15,614 to €2,727
- Financial charges -€6,029
down €6,029 (-39.0%), from €15,439 to €9,411
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,849,211 | €2,824,013 | -€25,198 | -0.9% |
| Fixed assets | 21/28 | €447,279 | €410,721 | -€36,558 | -8.2% |
| Tangible fixed assets | 22/27 | €444,279 | €407,721 | -€36,558 | -8.2% |
| Land and buildings | 22 | €437,993 | €400,215 | -€37,778 | -8.6% |
| Plant, machinery and equipment | 23 | €1,313 | €3,563 | +€2,250 | +171.4% |
| Furniture and vehicles | 24 | €4,973 | €3,943 | -€1,030 | -20.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €2,401,932 | €2,413,292 | +€11,360 | +0.5% |
| Stocks and contracts in progress | 3 | €811,551 | €621,051 | -€190,500 | -23.5% |
| Stocks | 30/36 | €811,551 | €621,051 | -€190,500 | -23.5% |
| Amounts receivable within one year | 40/41 | €201,053 | €472,143 | +€271,089 | +134.8% |
| Trade receivables | 40 | €28,260 | €3,000 | -€25,260 | -89.4% |
| Other amounts receivable | 41 | €172,794 | €469,143 | +€296,349 | +171.5% |
| Current investments | 50/53 | €472,461 | €502,524 | +€30,062 | +6.4% |
| Cash at bank and in hand | 54/58 | €907,539 | €806,285 | -€101,254 | -11.2% |
| Deferred charges and accrued income | 490/1 | €9,327 | €11,289 | +€1,963 | +21.0% |
| Total equity and liabilities | 10/49 | €2,849,211 | €2,824,013 | -€25,198 | -0.9% |
| Equity | 10/15 | €2,672,539 | €2,711,042 | +€38,503 | +1.4% |
| Contributions | 10/11 | €364,403 | €364,403 | = | 0.0% |
| Capital | 10 | €364,403 | €364,403 | = | 0.0% |
| Issued capital | 100 | €384,235 | €384,235 | = | 0.0% |
| Uncalled capital | 101 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €1,995,849 | €1,995,849 | = | 0.0% |
| Non-distributable reserves | 130/1 | €38,424 | €38,424 | = | 0.0% |
| Legal reserve | 130 | €38,424 | €38,424 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,455,725 | €37,500 | -€1.4m | -97.4% |
| Distributable reserves | 133 | €501,700 | €1,919,925 | +€1.4m | +282.7% |
| Profit (loss) carried forward | 14 | €312,287 | €350,790 | +€38,503 | +12.3% |
| Amounts payable | 17/49 | €176,672 | €112,971 | -€63,701 | -36.1% |
| Amounts payable after more than one year | 17 | €2,491 | €2,491 | = | 0.0% |
| Other amounts payable | 178/9 | €2,491 | €2,491 | = | 0.0% |
| Amounts payable within one year | 42/48 | €158,471 | €100,706 | -€57,765 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €3,333 | €3,333 | -€0 | 0.0% |
| Financial debts | 43 | €163 | - | -€163 | |
| Credit institutions | 430/8 | €163 | - | -€163 | |
| Trade debts | 44 | €1,197 | €8,427 | +€7,230 | +604.1% |
| Suppliers | 440/4 | €1,197 | €8,427 | +€7,230 | +604.1% |
| Taxes, remuneration and social security | 45 | €387 | €4,252 | +€3,865 | +999.4% |
| Taxes | 450/3 | €387 | €4,252 | +€3,865 | +999.4% |
| Other amounts payable | 47/48 | €153,391 | €84,694 | -€68,698 | -44.8% |
| Accrued charges and deferred income | 492/3 | €15,710 | €9,775 | -€5,936 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,788 | €46,043 | -€746 | -1.6% |
| Other operating charges | 640/8 | €7,536 | €7,759 | +€223 | +3.0% |
| Gross operating margin | 9900 | €118,376 | €60,691 | -€57,685 | -48.7% |
| Operating profit (loss) | 9901 | €64,052 | €6,890 | -€57,162 | -89.2% |
| Financial income | 75/76B | €25,095 | €43,752 | +€18,656 | +74.3% |
| Recurring financial income | 75 | €25,095 | €43,752 | +€18,656 | +74.3% |
| Financial charges | 65/66B | €15,439 | €9,411 | -€6,029 | -39.0% |
| Recurring financial charges | 65 | €15,439 | €9,411 | -€6,029 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | €73,708 | €41,231 | -€32,477 | -44.1% |
| Income taxes | 67/77 | €15,614 | €2,727 | -€12,886 | -82.5% |
| Profit (loss) for the period | 9904 | €58,094 | €38,503 | -€19,591 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,094 | €38,503 | -€19,591 | -33.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.